Group Term Life Insurance Plan Highlights


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Underwritten by New York Life Insurance Company

With ASCE Group Term Life Insurance, you'll have access to the following benefits:

  • Apply for up to $1,000,000 of member and spouse coverage.
  • Affordable, highly competitive Group Rates.
  • Premiums can be waived if you're disabled.
  • No exclusions: After coverage is validly in force for two years, benefits are payable for death from any cause, at any time, anywhere in the world. (Subject to U.S. government regulations on restricted countries.)
  • Portable coverage: Maintain your valuable ASCE Group Term Life Insurance protection throughout your career, no matter where it takes you.
  • Conversion to an individual Policy when coverage terminates (if you meet conversion requirements).
  • Living Benefit Option ("Accelerated Death Benefit"): Enables you to apply for a portion of your benefits if you qualify as being terminally ill, subject to certain policy restrictions and limitations. These benefits are paid directly to you, and you may spend them any way you wish. (See information and rates for more details. Not available to residents of Massachusetts.)

 


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Eligibility
If you're an ASCE member, under age 70, and a resident of the United States (excluding U.S. territories), Puerto Rico you're eligible to apply for $10,000 to $1,000,000 (in multiples of $10,000) of ASCE Group Term Life Insurance**. You may also apply for $5,000 to $1,000,000 (in multiples of $5,000) of Term Life coverage for your lawful spouse. Each unmarried, dependent child from age 14 days through 22 years (24 for full-time students) may also be insured for $10,000. A dependent who is also an ASCE member is eligible for either member or dependent coverage, but not both.

*Please refer to plan brochure for complete details. Certain state eligibility restrictions apply.

** Coverage decreases starting at member age 65; premiums are not reduced.


The ASCE Group Term Life Insurance Plan is Underwritten by:
New York Life Insurance Company

51 Madison Avenue
New York, NY 10010
under Group Policy No. G-10500-1
on Policy Form GMR-G-10500-1/FACE
Oregon# 110117

Click here to apply online for this product: Apply Online!

Group Term Life Insurance Plan FAQ

How do I calculate the rate on an ASCE Group Life Insurance Plan?
Premium contributions for both the member and spouse are based on the member's age and increase as the member grows older. Premiums may be periodically increased on plans to reflect plan utilization and help ensure their financial stability.

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Can my spouse obtain separate coverage?
Yes.


How long does the application process take? When will my coverage become effective?
For some plans, coverage becomes effective within a few days of receiving your application. For others, the process is longer because of required medical underwriting procedures. The "underwriting process" depends on many factors: the number of persons to be insured, their ages, the amount of coverage for which you apply, your medical history and that of your family members (if requesting dependent coverage), and the type of coverage requested.


Do I have to take a medical exam, blood test, or other health analysis?
Whether or not you must undergo medical testing depends on the plan you are requesting, your age, the amount of coverage for which you apply, and your individual medical history.


Can coverage continue if I am out of the country?
Call the Administrator for more details as coverage varies depending on the plan.


Who is the carrier on the Group Term Life Insurance Plan?
The ASCE Group Term Life Insurance plan is underwritten by New York Life Insurance Company under policy form GMR-G-10500-1/FACE.


Who Administers the Program?
The ASCE Group Insurance Program is administered by Pearl Insurance Group, LLC. Pearl Insurance strives to provide ASCE members with the most relevant, competitively priced member benefit insurance packages for individuals and their families. Pearl Insurance has been providing associations like the ASCE with quality group coverage for nearly 55 years.


Who recommends/approves benefit changes or premium changes?
The insurance companies reserve the right to change rates. They usually report "plan experience" (or the number and size of claims made) twice a year and, if applicable, rate action recommendations. Using this information, the program Administrator works with ASCE to evaluate the recommendations and decide what, if any, action (i.e. a rate action, a change in benefits, or even a change in insurance companies) is appropriate to maintain each plan's financial stability and competitive status. ASCE ultimately approves the action, and insured members are advised of their decision prior to implementation.

Group Term Life Insurance Plan Contact


Address: ASCE Member Insurance Program
1200 East Glen Avenue

Peoria Heights, IL 61616-5348
Phone: 800.650.ASCE (2723)
Email: customerservice@asceinsurance.com
Website: http://www.asceinsurance.com

New York Life Insurance Company


New York Life Insurance Company (New York Life) is a leader in the association group insurance field, providing life and health insurance plans for membership associations. The company has an enduring commitment to its customers' financial security. Regardless of the state of the economy or the stock market, New York Life bases its financial decisions on the guiding principle of serving its clients. New York Life has received the highest ratings for financial strength currently awarded to any life insurer from the leading independent ratings agencies, including A.M. Best (A++ as of 8/23/2011).

New York Life is licensed/authorized to transact business in all of the 50 United States, the District of Columbia, Puerto Rico, and Canada. However, not all group plans it underwrites are available in all jurisdictions. Please check the Plan details sections for current availability.


Address: New York Life's state of domicile is New York
and NAIC ID # is 66915.
51 Madison Avenue
New York, NY 10010


© 2013 Pearl Insurance, Plan Administrator
1200 East Glen Ave Peoria Heights, IL 61616
ph.800.650.ASCE(2723)1200 | fx.866.817.9009
CA License #0A15583, AR License #1322
www.pearlinsurance.com

 

The information provided within this section describes benefits available through this insurance program and is intended to provide a brief overview of the coverage. All Plan benefits, limitations and exclusions are contained in the Certificate of Insurance for that specific Insurance Plan. Insurance coverage and availability may differ as regulated by each State. In the event of any conflict or inconsistency between the information on this site and the information contained in the plan documents, the plan documents will govern. For questions and clarity on plan details, please contact the Program Administrator, Pearl Insurance at 1.800.650.ASCE (2723). 25980050